Redondo Beach Real Estate Market Conditions - August 2015

Redondo Beach Residential Real Estate

Market Conditions August 2015

Table of

Contents

Key Statistics for August

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Recap & Outlook for September

About Hady Chahine Contact Information

Key Statistics for August

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison July 2015 Aug 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 99 75 -24 -24.2%

Median Sales Price 876,000 795,000 (81,000) -9.2%

Median Days to Sell 33 35 2 6.1%

Listings 147 137 -10 -6.8%

Sales/Listing Ratio 67.3% 54.7% -12.6% -18.7%

Months of Inventory 1.0 2.0 1.0 100.0%

Monthly Comparison Year-to-Year Aug 2014 Aug 2015 Delta Delta Increase Decrease

Total Sales 74 75 1 1.4%



Listings 192 137 -55 -28.6%

Months of Inventory 2.3 2.0 -0.3 -13.0%


Total Sales Month-to-Month by Map Area Jun Jul Aug

N Redondo Beach/Villas North 18 26 15

S Redondo Beach W of PCH 11 12 15

N Redondo Beach/Villas South 19 16 18

S Redondo Beach S of Torrance Blvd 12 9 7

S Redondo Beach N of Torrance Blvd 11 16 11

N Redondo Beach/Golden Hills 13 14 7

N Redondo Beach/El Nido 6 6 2

Total Sales 90 99 75

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Jun Jul Aug

2015 Total Sales Month-to-Month by Map Area

N Redondo Beach/Villas North

S Redondo Beach W of PCH

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Total Sales


Total Sales Year-to-Year by Map Area 2013 2014 2015








Total Sales 89 74 75

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2013 2014 2015

Total Sales Year-to-Year by Map Area: August








Total Sales


Median Sales Price Month-to-Month by Map Area Jun Jul Aug

N Redondo Beach/Villas North 832,500 826,500 839,000

S Redondo Beach W of PCH 899,000 770,000 705,000

N Redondo Beach/Villas South 726,000 882,500 706,200

S Redondo Beach S of Torrance Blvd 990,000 975,000 748,000

S Redondo Beach N of Torrance Blvd 979,000 1,054,000 995,000

N Redondo Beach/Golden Hills 985,500 907,500 935,000

N Redondo Beach/El Nido 1,235,688 817,000 1,092,250

Market Median Sales Price 862,500 876,000 795,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Jun Jul Aug

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price


Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 817,500 709,000 839,000

S Redondo Beach W of PCH 785,000 893,500 705,000

N Redondo Beach/Villas South 730,000 808,000 706,200

S Redondo Beach S of Torrance Blvd 825,800 700,000 748,000

S Redondo Beach N of Torrance Blvd 960,000 910,000 995,000

N Redondo Beach/Golden Hills 810,000 856,000 935,000

N Redondo Beach/El Nido 555,000 440,000 1,092,250

Market Median Sales Price 783,500 809,000 795,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

Median Sales Price Year-to-Year by Map Area: August








Market Median Sales Price


Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 18 24 25 24 38 32 31 28

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6

Total Active Listings 97 112 119 156 164 141 147 137

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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Active Listings by Map Area









Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 18 24 25 24 38 32 31 28

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6

Total Active Listings 97 112 119 156 164 141 147 137

Total Sales 46 41 81 79 89 90 99 75

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7%

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


Active Listings Year-to-Year by Map Area 2013 2014 2015








Total Active Listings 189 192 137

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2013 2014 2015

Active Listings Year-to-Year by Map Area: August








Total Active Listings


Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 1.4 4.8 1.4 1.6 1.9 2.0 1.0 2.0

S Redondo Beach W of PCH 2.2 4.0 1.7 1.8 1.5 2.0 2.0 1.0

N Redondo Beach/Villas South 5.2 1.8 1.1 1.9 1.5 2.0 2.0 2.0

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0 3.0 3.0

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7 4.1 2.0 1.0 2.0

N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3 2.6 1.0 1.0 1.0

N Redondo Beach/El Nido 6.0 11.0 2.0 1.4 1.6 1.0 1.0 3.0

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2015 Months of Inventory by Map Area









Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2.6 3.0 1.9 2.3 2.0 1.8 1.9 2.0 2.0 2.2 2.8 1.6

2014 2.6 3.2 1.9 2.0 2.5 2.1 2.0 2.3 2.2 1.8 2.1 1.2

2015 2.1 2.7 1.5 2.0 1.8 2.0 1.0 2.0

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1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015

Recap & Outlook for September

What happened to Redondo Beach real estate activity in August??? The MLS reports negative single and digit numbers posted for several major data points. Given the year-over-year stats are somewhat similar perhaps we give this highly-coveted cozy beach community a reprieve and credit this behavior to an end-of-summer trending pattern, yes? Hmmm? In the news According to C.A.R., Statewide sales were above the 400,000 mark for the fifth straight month and sales of condos and townhomes were up nearly 10 percent from last year. (http://www.car.org/newsstand/newsreleases/2015releases/august2015sales?view=Standard) To discuss how I can be of service to you, please give me a call today. I look forward to hearing from you soon!


Month-to-Month Comparison July 2015 Aug 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 99 75 -24 -24.2%



Listings 147 137 -10 -6.8%

Sales/Listing Ratio 67.3% 54.7% -12.6% -18.7%

Months of Inventory 1.0 2.0 1.0 100.0%

Monthly Comparison Year-to-Year Aug 2014 Aug 2015 Delta Delta Increase Decrease

Total Sales 74 75 1 1.4%



Listings 192 137 -55 -28.6%

Months of Inventory 2.3 2.0 -0.3 -13.0%

Serving South Bay Home Buyers and Sellers Since 2001

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RE/MAX 100% Club - 2011

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About

Hady Chahine

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet

Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy

of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal

inspection by and/or with the appropriate professionals.


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Redondo Beach Real Estate Market Conditions - August 2015

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